CFTC Approves Spot Crypto Futures Trading

CFTC to Allow Spot Crypto Asset Contracts on Registered Futures Exchanges: A Major Step Towards Mainstream AdoptionThe U.S. Commodity Futures Trading Commission (CFTC) has announced a significant shift, permitting spot crypto asset contracts to trade on registered futures exchanges for the first time. This move signifies a substantial stride in integrating digital assets into conventional finance, potentially facilitating broader cryptocurrency adoption.The CFTCs Acting Chairman, Caroline Pham, emphasized the need for Americans to have more options and access to secure, regulated U.S. markets, following recent events on offshore exchanges. This decision underscores the agencys dedication to establishing safe environments for digital asset trading, particularly after encountering challenges in the unregulated sphere.In addition to this development, the CFTC has been actively seeking feedback on utilizing tokenized collateral, such as stablecoins, in derivatives markets. This initiative reflects a broader effort to comprehend and incorporate various aspects of digital assets into the financial system. The digital assets industry has experienced several advancements under President Trumps administration, with new legislation aimed at providing clearer guidelines.This approach differs from former President Joe Bidens administration, which adopted a more stringent stance against the industry, focusing on combating fraud and money laundering. The current administrations actions indicate a different path, aiming to cultivate growth and integration within a regulated framework.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.